Networking vendor 3Com will chase private equity firm Bain Capital Partners for a US$66 million merger break-up fee after its proposed suitor pulled the plug on their merger deal late last week citing regulatory concerns.
As it turns out, online B2B ventures are going to be a lot more complicated than we have thought.
Networking company 3Com has announced it will be acquired by private equity company Bain Capital and former joint-venture partner Huawei Technologies, in a US$2.2 billion cash deal.
The networking vendor has launched two telephony platforms and an open-source-based VoIP appliance, all aimed at smaller businesses.
An already struggling Electronic Data Systems says problems with a major contract have worsened, and it predicts a loss of up to US$75 million related to pension liability.
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